THERE is little doubt that it is now an incredibly good time to purchase a buy-to-let property in Stroud, with such an investment likely to pay off handsomely over the coming years.
Those of you with even a passing interest in the property market will not have failed to notice that it is in rude health right now, and Stroud in particular is booming.
In fact, the market is buoyant and this means there are plenty of opportunities for investors to achieve a substantial return.
If you are considering investing in a buy-to-let property in Stroud, I would advise looking at three-bedroom family houses, which are in high demand at the moment.
There are significantly more tenants than there are properties, so you can be confident of filling it with a quality tenant quickly.
A three-bedroom house in the town typically costs between £135,000 and £150,000, so they present excellent value.
What's more, you should be able to achieve a monthly rental income of up to £750, creating a yield as high as six per cent.
It goes without saying that you will not enjoy a return as high as six per cent with most savings accounts or other forms of investment right now, which is exactly why so many people are putting their money into property and becoming landlords.
With so few properties available and rents rising at a steady pace, it is well worth investing in Stroud as soon as possible.
Should you decide the town is the place for a buy-to-let opportunity, I would recommend looking towards properties with good links to the A419 and those included in new developments such as Dovehill and Greenaways Ebley.
And if you do not have the cash for a three-bedroom house, you can still make a similarly impressive return on smaller properties.
For instance, a one-bedroom flat in Stroud tends to set you back as little as £65,000 to £100,000 and can generate rental income of up to £450.
On a similar note, a two-bedroom flat costing between £100,000 and £165,000 is usually rented for £495 to £650 per month.
With a range of new buy-to-let mortgages now available, there should be an investment property to suit everybody in Stroud.
At Perry Bishop & Leaders, we will be delighted to offer you the benefit of our expertise and experience by discussing your requirements and helping you to identify the perfect buy-to-let project.